M&T Bank Corp Reduces Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

M&T Bank Corp decreased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 69.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,856 shares of the electronics maker's stock after selling 17,708 shares during the quarter. M&T Bank Corp's holdings in Advanced Energy Industries were worth $749,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Moody Aldrich Partners LLC lifted its holdings in Advanced Energy Industries by 13.4% during the 1st quarter. Moody Aldrich Partners LLC now owns 58,670 shares of the electronics maker's stock worth $5,592,000 after buying an additional 6,944 shares during the period. Principal Financial Group Inc. increased its position in Advanced Energy Industries by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 477,296 shares of the electronics maker's stock valued at $45,491,000 after buying an additional 1,624 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Advanced Energy Industries in the 1st quarter valued at about $914,000. Vontobel Holding Ltd. increased its position in Advanced Energy Industries by 13.9% in the 1st quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker's stock valued at $607,000 after buying an additional 780 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its position in Advanced Energy Industries by 3.4% in the 1st quarter. Peregrine Capital Management LLC now owns 90,704 shares of the electronics maker's stock valued at $8,645,000 after buying an additional 2,972 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP John Donaghey sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the transaction, the executive vice president owned 11,029 shares in the company, valued at $1,544,060. The trade was a 15.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $131.29, for a total value of $154,003.17. Following the completion of the transaction, the executive vice president owned 31,006 shares in the company, valued at approximately $4,070,777.74. The trade was a 3.65% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS traded up $3.31 during midday trading on Thursday, reaching $142.73. The company's stock had a trading volume of 379,237 shares, compared to its average volume of 287,306. Advanced Energy Industries, Inc. has a 12-month low of $75.01 and a 12-month high of $144.54. The firm has a 50 day moving average price of $125.97 and a 200-day moving average price of $114.25. The stock has a market capitalization of $5.37 billion, a P/E ratio of 73.57, a PEG ratio of 1.28 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.43 and a quick ratio of 3.28.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.26. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The firm had revenue of $404.60 million for the quarter, compared to the consensus estimate of $392.36 million. During the same quarter in the previous year, the business earned $0.58 EPS. The company's revenue was up 23.5% compared to the same quarter last year. As a group, equities analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were paid a $0.10 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.28%. Advanced Energy Industries's payout ratio is presently 20.62%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AEIS. Needham & Company LLC decreased their target price on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus reaffirmed a "buy" rating and issued a $130.00 target price (down from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Citigroup boosted their target price on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wells Fargo & Company boosted their target price on Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. Finally, KeyCorp boosted their target price on Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.20.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.